European Pensions Management (EPM) has waived the the minimum £15,000 investment in its low-cost Funds SIPP until the end of the year, to accommodate investors who want to transfer small protected rights funds.
The Funds SIPP, which offers access to more than 1,000 funds through the Selftrade platform, does not have a setup or annual management charge, nor are there any charges on contributions or transfers-in. If investors do want access to a broader range of investments in the future, they will not be locked in, but can move to another, broader EPM SIPP structure. EPM managing director Francis Moore explained that whilst some protected rights funds run to hundreds of thousands of pounds, many clients also have small sums, from short periods of employment or contracting-out. He said: "In t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
